HomeMy WebLinkAbout05/12/2009 Council Presentation - 2010 Preliminary Capital Improvement Plan~~
2010 Preliminary Capital
Improvement Plan
Stutly Session
Tuesday, May 12, 2009
~~__. ~o~~~a~ ~ ~~
Presentation Overview
. Capital Improvement Plan (CIP) Process
. Selected CIP Projects for 2010
. CIP Summary by Source
2
CIP Process -Background
. The CIP manual was adopted in May of 2007
. A working group consisting of all department
heads & two ex officio members were appointed
. 2010 Chair - T. VanHook
. Focus groups were formed to evaluate the CIP
projects
3
_. _~
CIP Process Schedule
August: Request Packets sent to Departments
. October: Request submissions due to Working Group
Nov-Dec: Working Group (supported by staffl performs
detailed review of requests
• Jan- Feb: Review sessions with Town Manager/Finance
D i recto r
March: Finance Department reviews recommended CIP
April: Town Manager approval of recommended CIP
• June: Town Council adoption of Capital Budget
f
4
..
. .. .,.
CIP Program Objectives
Identify the Town's infrastructure needs (multi-year focus)
Guide the development of the annual capital budget &
multi-year CIP
Prioritize infrastructure needs and include ongoing
maintenance costs
Identify options to address & fund priorities
5
~: ~ .:
_. _ .H dr, ~_.~ ~~
CIP Projects and the Strategic Plan
Commerce
• Community Building
Heritage
• Progress and Innovation
Recreation
.. ~ . .
CIP Program Ranking
Ranking Objectives:
. Mandatory Maintenance
. Expected Useful Life
• Effect on Operating & Maintenance Costs
. Effect on Town's Revenue
. Availability of State/Federal Grant Monies
7
CIP Process -Strategies
• Coordinates capital needs with the operating. budgets
Focuses attention on strategic plan objectives and fiscal capacity
. Identifies the most economic means of financing capital projects
• Coordinates the activities of neighboring and overlapping units of
local government to reduce duplication
• Establishes ongoing maintenance and operating costs as part of
the annual budget process
8
_.r
_,
Selected Projects Under
Review for 2010
9
~rrrNr.,,,,w. ,~ rrr~:~,~ ~.~ ~t a =~~w:.. ' ~~i „r. wa~. ,.. .
Transportation Projects
• Twin Peaks Interchange
. $60.1 M -Multiple sources
. Camino de Manana
. $25.8M - RTA, 2008 Bonds, PC Develop Fees
._
.. ._
~o
Parks and Cultural Projects
. Silverbell District Park
. $5.5M -Park impact fees, 2008 Bonds, PC Bonds
Heritage Park State Land Acquisition
. $0.4M -Park impact fees
Neighborhood Projects
. Honea Heights Sewer Improvements
. $0.3M -General Fund
. Honea Heights Neighborhood Redevelopment
;` 12
q
`'
Airport Projects
. Airport Terminal
. Traffic Control Tower
• Land Acquisition
13
Water Utility Projects
. Camino de Manana Water Line
. $5.5M -Bonds
• Twin Peaks Water Line
. $1.6M -Bonds
. Hartman to Cortaro Interconnect
. $0.4M -Water Impact Fees
14
2010 Preliminary ~und~rog by Source ~ ~~ 36.~~i
Amounts in Minion $
RTAIPA~ ~aR ~
South
Transportation
mpact Fee, $5.0
4%
Parks Impact Fees,
$3.0 , 2°I°
General Fund,
$4.6 , 0%
2448 Bonds, $ ~ ~.u
12% 112 Cent Tax, $2.4
,1%
~~ Tuesday, May 6. ?008
_.r
-.
,~
F~^'~~
a~ ~
tside Agencies,
$17.4 ,13%
Other Sources,
$7.6 , 6°I°
!tilities, $15.4 ,
11%
15
Airport, $24.7 ,
15%